Data Point: Overdraft/NSF Fee Reliance Since 2015 ...

1 CONSUMER FINANCIAL PROTECTION BUREAU | DECEMBER 2021 Data Point: Overdraft/NSF Fee Reliance Since 2015 Evidence from Bank Call Reports Data Point No. 2021-12 va Nagyp l, 2 1. Introduction Consumers using deposit accounts sometimes engage in debit transactions in amounts that exceed their accounts balances. An overdraft occurs if their financial institution chooses to cover such a transaction, and this often carries a fee depending on the circumstances of the transaction and the financial institution s policies. A non-sufficient fund (NSF) fee may be charged if the consumer s financial institution returns certain types of transactions unpaid.

by overdraft/NSF fees) remained fairly steady at a little over 65 percent between 2015 and 2018, increased to 66.5 percent in 2019 and declined to 62.4 percent in 2020. ... account and non-transaction savings account deposit products intended primarily for individuals for personal,

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